Sprint: What's Up?

Like the headline says…what’s up with Sprint Nextel (S)?

The telecom company’s shares are up today for the fourth session in a row; in that period the stock has gained $1.22, or 15.8%, to $8.93. (That includes a gain of 9 cents today.) The move has pushed up Sprint’s market cap by $3.5 billion. Just why the stock is rallying is not entirely clear.

What we do know is that the company is apparently seeing robust demand for the Samsung Instinct, a new touchscreen phone offered for $129.99 (after a mail-in rebate of $100) that is supposed to be Sprint’s answer to the Apple (AAPL) iPhone. According to Bloomberg, Pali Research analyst Walter Piecyk says high demand for the new phone is creating shortages in some markets.

Actually, the company said the same thing yesterday in a press release. Sprint said in the release that the Instinct is the fastest selling EVDO handset in in the company’s history and that the company’s initial order was the largest ever for a Sprint EVDO phone. Sprint also said that “the record pace of Instinct sales has led to temporary shortages of the device at some locations across the United States.”

Is the nice debut for the Instinct worth $3.5 billion, though? Or is there something else up? Opinions welcome in the comment section below.

Comments

[petyaczar]

no post?

[petyaczar]

PLs comment also on the potential Sprint takeover rumors.
Deutsche Telekomm was supposedly interested and made a Teutonically affirmative comment recently in their potential interest in a Sprint acquisistion.

I think this takeover speculation is also driving the price of Sprint.

Any further commetns pls?

[User 218668]

What about takeover rumors. Specifically interest in Sprint from Deutsche Telecomm (and presumably others). As I recall DT had made some kind of Teutonic comment such as "We will know in due time,,,," or some such thing, as a confirmatory expression of potential interest = in Teutonic speak.

Sprint and Quest seem to be the remaining leftovers from the old forced AT&T divestiture.

Pls any info on this angle. Frankly I expect something on the take over front sometime soon for either Qwest or Sprint or both.

[markdauvid]

i worked for radio shack from 1996-2001. during that time frame sprint pcs came online. the service was horrendous since most of their system had yet to be built and they relied heavily on analog. i made a prediction at that time that sprint would be the best and i still think that.

[Swampthing]

What happened to Sprint's I.Q., fyi, that had to do with taking pictures of barcodes on objects and getting information????

Things not working out with Scanbuy?

Should have gone with the NeoReader. It is still is a better platform and can click on more items to get additional information from objects, such as, logos, keywords, trademarks, billboards, other things, and, even RFID tags.

FYI 2, The Scanlife program cannot read the Aztec code/s that is spinning on the Sprint I.Q. web site. WHY?

You can read the Aztec code on the Sprint web site with the NeoReader by Neomedia Technologies.

What is up with that Sprint?

Just more questions.